Protagonist Therapeutics Full Year 2023 Earnings: Beats Expectations
Protagonist Therapeutics (NASDAQ:PTGX) Full Year 2023 Results
Key Financial Results
Revenue: US$60.0m (up 126% from FY 2022).
Net loss: US$79.0m (loss narrowed by 38% from FY 2022).
US$1.39 loss per share (improved from US$2.60 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Protagonist Therapeutics Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 100%. Earnings per share (EPS) also surpassed analyst estimates by 31%.
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are up 6.7% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Protagonist Therapeutics that you should be aware of.
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